VODAFONE GROUP PUBLIC LTD (VOD) Company Report

Vodafone's African subsidiary, Vodacom, will acquire an additional 20% effective stake in Safaricom Plc, increasing its total ownership to 55% and leading to full consolidation by both Vodacom and Vodafone.
The acquisition involves Vodacom purchasing 15% from the Government of Kenya for a cash consideration of €1.36 billion and 5% from Vodafone for €0.45 billion.
This strategic move aims to gain controlling ownership of Safaricom, Kenya's largest telecoms company with a market capitalization of €7.7 billion, and its successful M-Pesa fintech business.
Safaricom demonstrated strong performance in the six months to September 30, 2025, with service revenue in Kenya up 9.3% and M-Pesa revenue growing 14%. The acquisition is anticipated to close in the first quarter of the 2026 calendar year, subject to regulatory approvals.

6 days ago

6-K

Vodafone Group Plc Reports H1 FY26 Results with Revenue Growth and Strategic Mergers

VOD

Earnings

M&A

Share Buyback

Vodafone Group Plc reported total revenue of €19.6 billion for H1 FY26, an increase of 7.3%, and service revenue of €16.3 billion, up 8.1%. However, operating profit decreased by 9.2% to €2.2 billion, and basic earnings per share from continuing operations was 3.38 eurocents, compared to 3.92 eurocents in H1 FY25.
The company completed the merger of Vodafone UK and Three UK on May 31, 2025, forming VodafoneThree, and acquired Telekom Romania Mobile Communications S.A. on October 1, 2025. Additionally, Vodafone T\u00fcrkiye acquired 100 MHz of spectrum for US$627 million (€539 million) on October 16, 2025.
Vodafone announced an interim dividend per share of 2.25 eurocents and committed to a progressive dividend policy, expecting to grow the full year dividend by 2.5% for FY26.
The Group also commenced a share buyback programme of up to €500 million on November 11, 2025.

Nov 14, 2025, 11:28 AM

6-K

Vodafone Group Plc Commences €500 Million Share Buyback Programme

VOD

Share Buyback

Vodafone Group Plc has announced the commencement of a share repurchase program for its ordinary shares.
The program has a maximum consideration of €500 million.
The share buyback program begins on November 11, 2025, and is scheduled to conclude no later than February 4, 2026.
The primary objective of the program is to reduce share capital, with repurchased shares to be held as treasury shares for cancellation or allocation to employee share awards.

Nov 12, 2025, 12:03 PM

6-K

Vodafone Group Plc Completes Share Buyback Program

VOD

Share Buyback

Vodafone Group Plc completed its share buyback program, purchasing 6,514,459 ordinary shares on November 10, 2025.
The volume weighted average price paid for these shares was 88.36 pence.
Following this transaction, Vodafone holds a total of 1,817,462,982 ordinary shares in treasury.

Nov 12, 2025, 11:48 AM

6-K

Vodafone Group Reports Strong H1 FY26 Results, Raises Guidance, and Introduces New Dividend Policy

VOD

Earnings

Guidance Update

Dividends

Vodafone Group reported a 7.3% increase in total revenue to €19.6 billion and an 8.1% rise in service revenue to €16.3 billion for H1 FY26. Adjusted EBITDAaL grew by 5.9% to €5.7 billion.
The company now expects to deliver at the upper end of its FY26 guidance for Adjusted EBITDAaL (€11.3-11.6 billion) and Adjusted free cash flow (€2.4-2.6 billion).
A new progressive dividend policy was introduced, anticipating a 2.5% increase for the FY26 dividend per share, with an interim dividend of 2.25 eurocents per share declared.
Strategic progress included the successful merger of Vodafone UK and Three UK on May 31, 2025 , and the completion of €3.0 billion in share buybacks since May 2024, with €1.0 billion remaining.

Nov 12, 2025, 11:26 AM

6-K

Vodafone Group reports accelerated Q2 2026 service revenue growth and confirms upper end of guidance

VOD

Earnings

Guidance Update

Dividends

Vodafone Group reported an acceleration in group service revenue growth to 5.8% in Q2 2026, with group EBITDA growing by 6.8% in the first half. The company now expects to close the year at the upper end of the growth guidance set in May.
The company has returned over EUR 5 billion to shareholders via buybacks and dividends over the last 18 months, with an additional EUR 1 billion of buybacks planned over the next six months. Vodafone is also moving to a progressive dividend policy, with the first year expected to see 2.5% growth.
Significant operational progress includes the completion of the Vodafone Three merger in the U.K. and the acquisition of Telecom Romania's assets. The U.K. integration is progressing rapidly, supported by a GBP 11 billion network investment and expected GBP 700 million cost and CapEx synergies.
Digital services now represent over a quarter of B2B revenues and are experiencing double-digit growth, with further investment planned in areas like IoT, cloud, and cybersecurity.

Nov 11, 2025, 10:00 AM

Transcript

Vodafone Reports Strong Q2 2026 First Half Results and Updates on Strategic Progress

VOD

Earnings

Guidance Update

M&A

Vodafone reported strong financial performance for the first half of Q2 2026, with group service revenue growth accelerating to 5.8% in Q2 and group EBITDA growing by 6.8%. The company now expects to close the year at the upper end of its growth guidance.
The strategic reshaping of the group is complete, including the merger of Vodafone Three in the U.K. and the acquisition of Telecom Romania's assets. Vodafone has returned over EUR 5 billion to shareholders via buybacks and dividends over the last 18 months, with an additional EUR 1 billion in buybacks planned over the next six months. The company is also moving to a progressive dividend policy.
Key markets like Germany are undergoing a turnaround, and the U.K. integration is progressing rapidly with a GBP 11 billion network investment. Vodafone Turkey has also been a significant contributor, increasing both EBITDA and cash flow by close to EUR 300 million each in hard currency over the past two years. The company is confident in its growth outlook, focusing on operational excellence and customer experience.

Nov 11, 2025, 10:00 AM

Transcript

Vodafone Reports Strong H1 2026 Performance and Initiates Progressive Dividend Policy

VOD

Earnings

Dividends

Share Buyback

Vodafone reported strong financial performance for the first half of fiscal year 2026, with group service revenue growth accelerating to 5.8% in Q2 and group EBITDA growing by 6.8% in the first half, leading to an expectation to close the year at the upper end of its growth guidance.
The company has completed its group reshaping, including the merger of Vodafone and Three in the U.K., and has returned EUR 5 billion to shareholders over the last 18 months, with an additional EUR 1 billion in buybacks planned for the next six months.
Vodafone is adopting a progressive dividend policy, with the first year's dividend expected to grow by 2.5%.
Operational progress continues in key markets, with the Germany turnaround on track and rapid integration in the U.K. expected to yield EUR 700 million in cost and CapEx synergies. Digital services are a significant growth driver, now comprising over a quarter of B2B revenues and growing at a double-digit rate.

Nov 11, 2025, 10:00 AM

Transcript

Vodafone Reports Strong Q2 2026 Performance and Announces Progressive Dividend

VOD

Earnings

Guidance Update

Dividends

Vodafone reported a strong performance in the first half of FY 2026, which was in line with expectations, leading to confidence in delivering at the upper end of its FY 2026 guidance.
Group service revenue accelerated to 5.8% growth in Q2, with Europe returning to 0.5% growth and Germany growing 0.5%. The B2B business grew 2.9% in Q2, driven by double-digit growth in digital services, contributing to an overall 6.8% organic growth in adjusted EBITDA.
The company announced a commitment to a progressive dividend policy from this year, including a planned 2.5% increase in the final FY26 dividend. Since March 2024, Vodafone has returned over €3 billion to shareholders via buybacks with a further €1 billion still planned, and over €2 billion in dividends.
The group completed its reshaping with the UK merger and the acquisition of Telecom Romania's assets, while making operational progress in Germany's turnaround and seeing strong growth in Africa and Turkey. Pilar Lopets was introduced as the incoming CFO, replacing Luca.

Nov 11, 2025, 7:00 AM

Transcript

Vodafone to acquire Skaylink

VOD

M&A

New Projects/Investments

Vodafone Group Plc announced it has entered into a binding agreement to acquire 100% of Skaylink GmbH for a total consideration of €175m.
Skaylink is described as a leading full-service cloud, digital transformation, and security specialist with over 500 professionals, expert in managing cloud deployments, migrations, and implementing AI solutions.
The acquisition is part of Vodafone Business' ambition to accelerate growth in key areas such as security, managed services, and cloud.
Completion of the transaction is expected by the end of March 2026, subject to necessary regulatory approvals.

Oct 30, 2025, 12:31 PM

6-K

Earnings Transcripts

Quarterly earnings call transcripts for VODAFONE GROUP PUBLIC LTD.

Q2 2026

Nov 11, 2025

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Q1 2026

Jul 24, 2025

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